FY2025 Final Budget Calendar REVISED 10.5.23

AID 1566975 · View on Simbli

Agenda Item

b. Approval of the FY2025 DeKalb County School District Budget Calendar

Summary: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Request: It is requested that the Board of Education approve the FY2025 DeKalb County School District Budget Calendar.
Why: The Budget Calendar is a schedule of activities that must be completed to develop the District budget.
Details: The Budget Calendar provides a roadmap that outlines the review of current expenditures, analysis of financial activities, and future projections for the upcoming fiscal year.
Financial impact: No financial impact
Contact: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance, 678.676.0270
Status: General Counsel approval not required
                                                 FY2025 Proposed Budget Calendar

                                                 ACTIVITY                                                               DATE
Superintendent provides input on the FY2025 budget calendar                                               No later than September 29, 2023
Student count date for FTE funding                                                                                 October 3, 2023
Board adopts FY2025 budget developement calendar                                                                   October 16, 2023
Biweekly budget oversight committee meetings commence for FY2025 Budget                                            October 18, 2023
Community and stakeholder surveys are released for input on FY2025 budget development                       No later than October 20, 2023
FY2025 school-based funding allotment drafts are prepared                                               November 3, 2023 - December 11, 2023
Distribute budget development instructions with template to divisions & schedule budget work sessions   November 3, 2023-December 15, 2023
Superintendent Report -shares preliminary initiatives for FY2025 budget                                          November 13, 2023
FTE forecast is presented to the Board                                                                           November 13, 2023
FY2025 School Allotments presented to the Board.                                                                 December 11, 2023
Community and stakeholder survey results collected for input on FY2025 budget priorities.                        December 15, 2023
Superintendent and Cabinet meet to discuss division FY2025 Budget requests.                                       January TBD 2024
Divisions finalize FY2025 Budget Requests                                                                          January 26, 2024
Superintendent reviews final Division requests                                                              No later than March 22, 2024
Preparation of Superintendent's Recommended FY2025 Budget                                                  March 25, 2024-March 29,2024
Budget initiative preview as part of Superintendent's report                                                     April Board Meeting
FY2025 Budget mini-sessions are held with the Board                                                         April Pre May Board Meeting
FY2025 Forecasted revenue is presented to the Board                                                                May TBD 2024
Board adopts FY2025 Tentative Budget/Revenue projections and Tax Levy                                              May TBD 2024
FY2025 Budget Presentation of the General Fund Budget/Revenue Projections                                           June TBD 2024
FY2025 Budget is Published and shared on district’s website                                                         June TBD 2024
1st Public Budget Hearing is held to solicit feedback regarding the FY2025 Budget                                   June TBD 2024
Tax Digest and Five-Year History of Levy is advertised                                                              June TBD 2024
2nd Public Budget Hearing is held to solicit feedback regarding the FY2025 Budget                                   June TBD 2024
1st & 2nd Millage Hearings are held                                                                                 June TBD 2024
3rd Millage Hearing is held (If necessary)                                                                          June TBD 2024
Board adopts Final FY2025 Budget and Millage Rate                                                          Late June 2024 - Called Meeting
Finance transmits final budget documents to County and State Department of Education                                June TBD 2024